Word: feldstein
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...followers of the Harvard economics scene, Warsh's book contains some fascinating tales of the politics of academia. There is the story of Baker Professor of Economics Martin S. Feldstein'61 and his rise to the top of his profession...
...Feldstein was appointed president of the National Economic Bureau, a focal point of economic research, "Feldstein has served as ringmaster to 130 of the best economists in the business, young and old; he probably has had more to do with defining the present-day concerns of his field than any others single man," Warsh writes...
...Feldstein has vocal critics, too, according to Warsh. "Lester Thurow, who himself was a candidate for the presidency of the Bureau in 1977, noting Feldstein's claim that a maharajah, receiving reports from five blind men feeling an elephant, could piece together an accurate picture, tartly compared Feldstein to a blind man suffering from the delusion of believing he was a maharajah," he writes...
Readers of Economic Principals will enjoy the backstage glimpses of "the social world of economics" that Warsh provides. Economists and economic novices alike will delight in stories like those behind Feldstein's prominence among the New Classical. And the novices, especially, will be glad to know that a New Classical...
...prospective board members, Schwenk has suggested, among others, former Secretary of State Cyrus Vance, Baker Professor of Economics Martin S. Feldstein '61, Stone Professor of International Trade Jeffrey D. Sachs '76, and Professor of Government Jorge I. Dominguez...